A pair of Darden classmates and fellow venture capitalists have completed the first close on the new fund, meeting its preset threshold to begin operating and making investments.
The $3 million gift, matched with an additional $1.5 million from the UVA Bicentennial Scholarship Fund, will create the $4.5 million Edward A. Watjen Bicentennial Scholarship Fund.
As Darden launched the largest fundraising campaign in its history, the School’s tight-knit community stood at the forefront of the kickoff events that highlighted their generous support.
The record-setting gift will establish a fellowship program for first-generation Darden School MBA students, support the Darden Jefferson Fellowship Program and create a Jefferson Scholars Foundation Professorship in real estate at Darden.
The top priorities of the just-launched Powered by Purpose campaign include faculty, students, infrastructure and annual giving.
First $100M-Plus Fundraising Year in UVA Darden History Powers New Scholarships, Faculty, Facilities
Darden announced an all-time record for fundraising in a fiscal year, with $123 million in total philanthropic impact from $103 million in new commitments and $20 million in matching funds.